https://www.taxtmi.com/caselaws?id=754997 Section 143(1)(a) permits only limited adjustments at intimation stage, so a Chapter VI-A deduction under section 80P(2)(d) cannot be disallowed unless the claim is beyond the return's scope or otherwise an apparent incorrect claim. Interest earned by a co-operative housing society from deposits with co-operative banks is treated as interest from investments with another co-operative society for section 80P(2)(d). Section 80P(4) does not bar the claim where the assessee itself is not a co-operative bank. Deduction is therefore available on such interest income, subject to any specific bank interest excluded on the facts recorded. en-us Fri, 28 Jun 2024 00:00:00 +0530 Thu, 04 Jul 2024 08:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754997 Section 143(1)(a) permits only limited adjustments at intimation stage, so a Chapter VI-A deduction under section 80P(2)(d) cannot be disallowed unless the claim is beyond the return's scope or otherwise an apparent incorrect claim. Interest earned by a co-operative housing society from deposits with co-operative banks is treated as interest from investments with another co-operative society for section 80P(2)(d). Section 80P(4) does not bar the claim where the assessee itself is not a co-operative bank. Deduction is therefore available on such interest income, subject to any specific bank interest excluded on the facts recorded. Case-Laws Income Tax Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754997